RCEP helps Vietnamese agricultural products reach out to the world
Sweet corn processing for export (Photo: VNA)
The mammoth trade deal Regional Comprehensive Economic Partnership (RCEP) is expected to unlock more export markets for Vietnamese agricultural products, according to insiders.
At the “RCEP-UKVFTA opportunities to promote value chains of Vietnamese agricultural products” recently held in Ho Chi Minh City, Chairman of the Vietnam Farms and Agricultural Enterprises Association (VFAEA) Le Duy Minh laid stress on the world’s largest trade pact which covers a market of 2.2 billion people, with a combined GDP of 26.2 trillion USD or about 30 percent of global GDP.
RCEP is said to open up ample opportunities for Vietnamese agro-forestry-aquatic products since it forms a large market that includes Vietnam’s key importers such as China, ASEAN, Japan and the Republic of Korea (RoK), he added.
Nguyen Anh Dung, from the Ministry of Agriculture and Rural Development’s Agro Processing and Market Development Authority, said China is the second largest importer of Vietnamese agro-forestry-aquatic products with total imports worth 10.36 billion USD in 2020. Meanwhile, ASEAN came fourth with 3.69 billion USD, Japan fifth with 3.42 billion USD and the RoK seventh with 2.34 billion USD.
According to Secretary of the Vietnam Vegetables Association Tran Le Nguyen, only ten types of Vietnamese fruits are licensed to be exported to China via official channel, and with RCEP, negotiations for other fruits like durian, passion fruit, grape fruit, avocado, star apple, and rose apple will be much easier.
RCEP is also said to create favourable conditions for more Vietnamese products to enter Japanese, RoK, Australian, Thai, Malaysian and New Zealand markets, he added.
However, the Ministry of Industry and Trade said Vietnamese exporters may face fierce competition from their foreign rivals right on the domestic playground as other RCEP members like China and other ASEAN member states have similar fruits with better quality.
In this context, Vietnam needs to build a stable agriculture in which farmers must ensure food safety and improve product quality while businesses should help farmers to form a stable value chain, said Nguyen Dinh Tung, General Director of Vina T&T./
Related News
![If it is "permissive", OCOP products will not be effective for export](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/18/17/449801980-681389837513658-7949573038336496133-n2024071209413220240712152744-120240718170356.png?rt=20240718170359?240719021241)
If it is "permissive", OCOP products will not be effective for export
14:12 | 19/07/2024 Import-Export
![Agricultural, forestry and fishery product exports reached US $ 29.2 billion in the first half of the year](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/15/14/croped/2145-16-3153-120240715143142.jpg?240717100703)
Agricultural, forestry and fishery product exports reached US $ 29.2 billion in the first half of the year
10:07 | 17/07/2024 Import-Export
![Building a Vietnamese brand associated with green and sustainable development](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/12/15/croped/1420240702103906-120240712154252.jpg?240715095836)
Building a Vietnamese brand associated with green and sustainable development
09:58 | 15/07/2024 Import-Export
![Exports fruit and vegetable expects to exceed US$ 7 billion](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/08/14/croped/17-12024070415354920240708143917.jpg?240710020208)
Exports fruit and vegetable expects to exceed US$ 7 billion
14:02 | 10/07/2024 Import-Export
Latest News
HCM City annual international travel expo in September
15:15 | 26/07/2024 Import-Export
![Đồng Nai](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/croped/361692-4902364192590514-images2439387-z3245301932583-8e0fcec4c0298cbdd1a67efc377e87d420240726151202.9807900.jpg?240726031245)
Đồng Nai's key export item hopes for recovery
15:12 | 26/07/2024 Import-Export
![Rice exports to set record turnover of 5 billion USD in 2024](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/croped/1911gaoxuatkhaujpg-410520240726150836.9178600.jpg?240726030900)
Rice exports to set record turnover of 5 billion USD in 2024
15:08 | 26/07/2024 Import-Export
![4 export markets of tens of billions of dollars](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/15/image0012024072408363920240725154929.png?rt=20240725154931?240726081916)
4 export markets of tens of billions of dollars
08:19 | 26/07/2024 Import-Export
More News
![Difficult for phones to regain No. 1 position in exports](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/15/croped/image0012024072309572920240725155916.png?240726081749)
Difficult for phones to regain No. 1 position in exports
08:17 | 26/07/2024 Import-Export
![Indonesia licenses certificates of lobster cultivation for three Vietnamese companies](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/14/croped/lobster-409720240725140435.9377380.jpg?240725020459)
Indonesia licenses certificates of lobster cultivation for three Vietnamese companies
14:04 | 25/07/2024 Import-Export
![Vietnamese spend nearly 150 trillion VND on online shopping](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/14/croped/e-commerce-901820240725140330.8978560.jpg?240725020351)
Vietnamese spend nearly 150 trillion VND on online shopping
14:03 | 25/07/2024 Import-Export
![Four tens of billion USD export markets](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/22/croped/image00120240724083639-120240724220432.png?240725091715)
Four tens of billion USD export markets
09:17 | 25/07/2024 Import-Export
![Successful digital transformation solutions for wood industry enterprises](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/18/16/152024071210255720240718165847.jpg?rt=20240718165850?240725091456)
Successful digital transformation solutions for wood industry enterprises
09:14 | 25/07/2024 Import-Export
![Vietnamese lychee sold well at Costco stores in Australia](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/14/croped/screenshot-2024-07-24-091517-547920240724140956.8680410.jpg?240724021028)
Vietnamese lychee sold well at Costco stores in Australia
14:10 | 24/07/2024 Import-Export
![Durian exports forecast to top 3 billion USD in 2024](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/14/croped/durian-979820240724140848.8204690.jpg?240724020914)
Durian exports forecast to top 3 billion USD in 2024
14:09 | 24/07/2024 Import-Export
![FTA - support to promote pangasius export](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/15/16/17-ca2024012216053120240715164806.jpg?rt=20240715164809?240724091910)
FTA - support to promote pangasius export
09:19 | 24/07/2024 Import-Export
![Vietnam - France trade reached nearly US$2.5 billion in the first half of the year](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/23/14/croped/image0012024072010161720240723142729.png?240724091832)
Vietnam - France trade reached nearly US$2.5 billion in the first half of the year
09:18 | 24/07/2024 Import-Export
Your care
HCM City annual international travel expo in September
15:15 | 26/07/2024 Import-Export
![Đồng Nai](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/croped/medium/361692-4902364192590514-images2439387-z3245301932583-8e0fcec4c0298cbdd1a67efc377e87d420240726151202.9807900.jpg?240726031245)
Đồng Nai's key export item hopes for recovery
15:12 | 26/07/2024 Import-Export
![Rice exports to set record turnover of 5 billion USD in 2024](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/croped/medium/1911gaoxuatkhaujpg-410520240726150836.9178600.jpg?240726030900)
Rice exports to set record turnover of 5 billion USD in 2024
15:08 | 26/07/2024 Import-Export
![4 export markets of tens of billions of dollars](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/15/medium/image0012024072408363920240725154929.png?rt=20240725154931?240726081916)
4 export markets of tens of billions of dollars
08:19 | 26/07/2024 Import-Export
![Difficult for phones to regain No. 1 position in exports](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/15/croped/medium/image0012024072309572920240725155916.png?240726081749)
Difficult for phones to regain No. 1 position in exports
08:17 | 26/07/2024 Import-Export